This ANREV Vehicles Universe document provides data on 407 vehicles with a total gross asset value (GAV) of US$ 337.9 billion as of Q2 2023. Data on 268 vehicles (total GAV US$193.5 billion) was extracted from the ANREV Vehicles Database. Data on the remaining 139 vehicles came from secondary sources.

If you have any questions, please contact Cheng Wee Tan or Donald Lam.

The seventeenth gross return report shows a 3-month total gross return of -1.12% for the period between July and September 2023.
 
The gross return report is a supplementary report to the ANREV Australia Core Open End Fund Monthly Index (ACOE) published one month after every quarter showing aggregated gross returns of the 17 ACOE funds.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -1.74% in September 2023. The ACOE includes 17 funds with a total GAV of AUD 121.41 billion.

The ACOE Index also reports data on geographic allocation by sector.

Please contact Daisy Huang or Donald Lam if you have any questions regarding the Index.

ANREV has launched the fifteenth release of the ANREV ODCE Asset Level Performance Consultation Report.

The ANREV Asset Level Performance Report is not an index as the coverage is limited to assets held by 8 funds with a pan Asia core open end strategy.

The ANREV Asset Level Performance Report results are based on asset level data that is provided to ANREV directly from managers. Data collection starts immediately after a quarter has ended for a period of up to 6 weeks after quarter end.

Please provide feedback and comments to Amélie Delaunay, Daisy Huang or Eileen Chiu.

The fifteenth consultation release of the Global IRR Index includes 372 closed-end funds with non-core strategies, comprising of 322 value added and 50 opportunistic funds. 

Key highlights:

• This release of the Global IRR Index features 72 Asia Pacific, 142 European and 158 US funds.

• The IRR of funds with a first closing post 2019 has decreased and became negative in Q2 2023.

• A clear majority of funds follow a single country and value-added strategy.

• At 18.7%, the performance of the USA’s 2008-2010 fund vintage is the strongest by far.

For any queries, please contact Amélie Delaunay, Daisy Huang, or Eileen Chiu.

In June 2023, the ANREV ESG Committee held a discussion on climate risk solutions where participants shared views on the climate risk solutions providers landscape. As the backdrop for discussion, a committee member provided the framework for discussion by addressing physical risk and transition risk, the assessment of these risks in climate risk solutions and what these solutions provide via a presentation. In this paper, it serves as a summary centered on sharing experiences on the climate risk solutions providers.

In September's issue, we have included:

Australia

• Consultation: Review of the regulatory framework for managed investment schemes

Cayman Islands

• Key Cayman Islands Voluntary Liquidations Deadlines and Dates
• Cayman Islands Monetary Authority Regulatory Measures for Regulated Entities

China

• China consults on administrative measures on data security in business areas regulated by PBoC

Hong Kong

• SFC issues circular on licensing and registration of depositaries of SFC- authorized collective investment schemes and related transitional arrangements
• SFC announces intention to adopt ISSB Sustainability Disclosure Standards
• Update on tax certainty for onshore disposal gains and refined foreign-sourced income exemption (FSIE) regime

Japan

• Implementation of consumption tax qualified invoicing system
• Waiver of withholding tax on dividends to certain domestic companies

Singapore

• MAS Proposes Code of Conduct for Providers of ESG Ratings and ESG Data Products

The United States

• SEC Enhances the Regulation of Private Fund Adviser

Lastly, we would like to thank our committee who helped putting together the newsletter. Details about this committee can be found here.